aj485’s Activity

Today

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aj485 replied to the Tax Strategies board. 3 hours ago

Re: Capital gains on a rental property

Original cost: $65k, estimated sales price $650k, it and renovations have been depreciated at standard rates.

Because you have used it as a rental, establishing the basis and the gains that you will have to pay on is going to be more [more]

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aj485 replied to the Foolish 401(k)s board. 4 hours ago

Re: 401k vs Brokerage

Not Joel, but very close to him - he's about 40' away, sleeping in. ;-)

The 401k rollover that I am planning would be within Fidelity. They administer the 401k and the Rollover IRA that I already have setup is also with them. Action: [more]

Thu Jul 2

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Boards Post

aj485 replied to the Credit Cards and Consumer Debt board. 5:31 PM

Re: Cancelling a credit card undergoing a dispute

My question is: Is it OK if I go ahead and cancel the credit card while the dispute is in progress? Would canceling the credit card negatively affect the outcome of my dispute? In other words, would the credit card company be less likely to view [more]

Sun Jun 28

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aj485 replied to the Pet Lovers board. 8:28 PM

Re: training treats for sensitive tummy

I have a friend whose dog has had pancreatitis and eats prescription dry food. The dog needs training and my friend is leery of upsetting her stomach again.

anybody deal with this and who has trained dogs with food....I've done a lot of
[more]

Sun Jun 21

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aj485 replied to the Foolish 401(k)s board. 2:47 PM

Re: Coming This Summer, A Decision Of Supreme Import

Now, the Supreme Court will consider whether 401(k) plan sponsors have an ongoing duty to monitor the plan's fund offerings, beyond the six-year statute of limitations.

In case anyone hasn't heard how this decision turned out, here's [more]

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aj485 replied to the Foolish 401(k)s board. 2:32 PM

Re: Starting a 401k

This type of account is an IRA and you might be able to use the account to purchase real estate.

[more]

Sat Jun 20

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Boards Post

aj485 replied to the Retire Well on Less board. 11:08 PM

Re: Government Money/Grants

Recently I've seen side news items about government money/grants/free "loans" for people over 50.

What is a 'side news item'? That sounds like sponsored ads to me. Which would fit in with your experience of them all wanting [more]

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Boards Post

aj485 replied to the Foolish 401(k)s board. 2:16 AM

Re: Starting a 401k

1. What percentage should I invest in a roth 401k vs. regular 401k?

Typically, the answer is that it depends on what your tax rate now is vs. what you expect it to be when you retire. If you expect your tax rate to be as high or [more]

Fri Jun 19

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Boards Post

aj485 replied to the Buying or Selling a Home board. 6:47 PM

Re: house purchase options

Based on some of the replies above, what considerations would tip the scale toward buying instaed of renting (in general, not just in this example)?

In addition to the cost considerations, buying a house is a lifestyle choice. Buying [more]

Wed Jun 17

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Boards Post

aj485 replied to the Tax Strategies board. 3:31 AM

Re: Large parent loan tax implications

What is the best way to handle a large (upwards of $45-50k) loan from a parent, especially regarding filing taxes?
Within the next month or so my mom wants to give me a loan at some sort of low interest (probably somewhere around 4%) so that
[more]

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aj485 replied to the Buying or Selling a Home board. 3:24 AM

Re: house purchase options

And how is throwing money away on interest any different?

This needs to be repeated. The cost differential between the interest paid and rent often isn't that much. And when the property taxes that will be thrown away and the property [more]

Mon Jun 15

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Boards Post

aj485 replied to the Budgeting board. 2:25 PM

Re: software for budgets for dummies

That said, I am detail oriented and very organized, so I get frustrated not being able to plug in my numbers and get nice, tidy monthly or annual reports.
Is there an inexpensive or free, simple and lay person friendly software I can use to
[more]

Sun Jun 14

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Boards Post

aj485 replied to the Tax Strategies board. 10:46 PM

Re: tax loss carry forwards

My prior year tax carry forwards do not apply to long term gains if those long term gains are within 15% tax bracket, do they?

Yes, they do, just like current year losses would be applied toward offsetting gains, no matter what tax [more]

Sat Jun 13

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Boards Post

aj485 replied to the An Open Letter board. 2:32 PM

Re: An Open Letter

Are you out of your mind?

Nope. He's just doing what will get him re-elected in Texas. It's the voters who were out of their minds when they elected him.

AJ

Fri Jun 12

NL

Boards Post

aj485 replied to the Tax Strategies board. 10:56 AM

Re: Question about HSA

My question is, can I still create an HSA for this year and if so can I deposit the full tax deductible amount or would it be prorated for just the short time I was on the HDHP?

Assuming that the HDHP met the requirements for an HSA [more]

Wed Jun 10

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Boards Post

aj485 replied to the Retirement Investing board. 7:41 PM

Re: Poll: Lump Sum or Annuity

I checked at Vanguard, and for a 100% joint/survivor annuity for a 65 year old male and a 61 year old female, the monthly benefit would only be $5073 [more]

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aj485 replied to the Retirement Investing board. 2:27 PM

Re: health plan costs for retiremes under 65

is there an average cost of monthly health insurance premiums in the western PA area? I am planning on retiring soon and need to figure out a budget for this expense. did other people use the healthgov site or just research local health insurance [more]

Mon Jun 8

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Boards Post

aj485 replied to the Retirement Investing board. 3:25 AM

Re: So what do I calculate 4% of?

For simplicity's sake (it seems I can't make it simple enough), let's say that the algorithm for the single stock to own is the one with the highest market cap trading on a US exchange as determined on the first trading day of each year, the same [more]

Sun Jun 7

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Boards Post

aj485 replied to the Retirement Investing board. 10:51 AM

Re: So what do I calculate 4% of?

Can't happen suddenly.

How sudden do you call 'sudden'? Just looking at the history of AAPL's adjusted close (which accounts for splits and dividends) shows some pretty scary history for someone who refuses to sell.

In 1 day [more]

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Boards Post

aj485 replied to the Retirement Investing board. 3:39 AM

Re: So what do I calculate 4% of?

I take it you never invest in individual stocks then?

Actually, I own a significant number of individual stocks. I just limit each one to no more than 10% of my portfolio.

Such an extreme level of risk avoidance is not [more]

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Big gold star, 5000 posts Feste Award Nominee! Old School Fool
Board Posts 8680
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People who have rec'd these posts 1513
Recs to Posts Ratio (last 30 days) 5.50
Threads Started 156
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Most Frequent Board Credit Cards and Consumer Debt
Very First Post Re: Attention all Immigrants denied credit (6/17/1999)
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